Remove Cost Control Remove Estimating Remove Procurement
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Infrastructure costs keep rising. Consider these approaches to mitigate them.

Civil + Structural Engineer

On one hand, the federal Bipartisan Infrastructure Law (BIL) has catalyzed unprecedented infrastructure investment, while on the other, rising costs for materials, labor and energy are squeezing project budgets and complicating project planning and execution. That fosters a vicious cycle of reduced competition and further escalating costs.

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Building world-class hotels: The power of preconstruction and self-perform services

Construction Dive

Through an ingrained collaborative culture, PCL adds value to these projects right from the start by leveraging extensive data from past successes to advise on cost, schedule and constructability. The team navigated unprecedented market conditions, particularly in material procurement resulting from global supply chain challenges.

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Valid Construction Cost Estimate Creation

Job Order Contracting

Valid construction cost estimate creation is the goal of every professional estimator. Using the final construction cost, for example, is just plain silly as there are far too many variables involved in the outcome. Nonetheless validity of a construction cost estimate is critical to cost management.

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Controlling Construction Costs, Rocket Science, and Time Travel

Job Order Contracting

Controlling construction costs is not rocket science, nor does it involve time travel. Any real property owner can control construction costs for facilities repair, renovation, maintenance, and new build projects. Controlling Construction Costs is not rocket science 1.

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LEAN Construction Cost Control

Job Order Contracting

LEAN Construction Cost Control. Traditional cost estimating methods do not offer any reliable guidance for assessing impacts upon over project costs. Tools and services are readily available to support Lean construction cost control. The post LEAN Construction Cost Control appeared first on 4BT.

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Construction Cost Analysis

Job Order Contracting

A reliable Construction Cost Analysis requires objectivity, currency, and detailed research of the local market. Objective comparsions of locally researched cost data and issues associated with national average cost data and location factoring are shown below. #1. Peitlock, B.A., Martinez, A., Martinez, A., 2013) #4.

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Credible Construction Estimate Core Elements

Job Order Contracting

A credible construction cost estimate is required prior to engaging in procurement. The follow elements are common to a credible construction cost estimate. 2 Timeliness – All cost data must be current. applied to a outdated cost estimate will introduce significant error.